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Dr. Jrg MeyerStamer Scholarship Research Paper Series Paper No. 5Creating genuine shared values in industrial clusters: The contribution of the human rights approach Author: Federica Nieri Supervisor:
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Big profits big harm refers to the concept where substantial financial gains are achieved at the expense of ethical standards, social responsibility, or environmental sustainability.
Entities or individuals who generate high profits and are involved in activities considered harmful to society, the environment, or ethical standards may be required to file big profits big harm reports.
Filling out the big profits big harm report typically involves providing details on earnings, the nature of the harm caused, and mitigation measures taken, usually in accordance with regulatory guidelines.
The purpose of big profits big harm is to ensure accountability for profit-driven actions that may negatively impact society and to promote transparency in business practices.
Required information generally includes total profits, descriptions of harmful activities, stakeholder impacts, and steps taken to address or minimize harm.
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